Scottsdale Real Estate Vacation Home
A Scottsdale real estate vacation home may be more affordable than you think. Did you know the interest paid for a second home’s mortgage is tax deductible? In fact, tapping the equity in your first home to put a down payment on a second home can actually give you three (total) mortgage-interest tax deductions. Interest paid on equity loans is tax deductible too!
“Owning a home is one big tax deduction; owning a vacation home can be two–or more.”
If you’re thinking about purchasing Scottsdale real estate second home, or vacation home, ask your tax professional to run the numbers for you. And be sure to check IRS regulations if you intend to rent out your second home for income.
For more information about purchasing vacation property, read our FREE online report, PLAY SMART: Savvy Tips On Buying A Vacation Home, by clicking here.
We hope you’ll call us when the timing’s right for you to purchase a second home–and a new tax deduction!
Article: Scottsdale real estate vacation home – More affordable than you think, Brought to you by Luxury Valley Homes.